Craig Smiddy is the CEO of Old Republic International Corporation, a company he has led since October 2019. Before stepping into this role, he held various positions, including President and COO of Old Republic General Insurance Group, the company's largest...

Number of Employees

9.2K

Year

2023

Total Compensation

$3.82M

Salary

$926.67K

Board Justification

The compensation philosophy emphasizes alignment with company performance and shareholder interests, focusing on long-term growth and retention of key executives.

Bonus

$2.28M

Board Justification

The 2023 annual performance-based cash bonuses were awarded based on performance criteria including net earned premiums and fees, and underwriting margin/combined ratio.

Other

$37.02K

Board Justification

Other compensation includes contributions to the 401(k) plan and other benefits.

Restricted Stock

$575.29K(14.73K Restricted Stock)

Board Justification

14,727 shares of restricted stock vested in 2023, with a realized value of $575,291.

Performance Metrics

Performance metrics include net earned premiums and fees, underwriting margin/combined ratio, and individual performance evaluations.

SEC Filing

From March 28, 2024

Craig Smiddy

CEO of Old Republic International

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Education

Not specified

Field of Expertise

Finance & Banking - Insurance

Born

January 1, 1964 - 61 years ago

Is Founder?

No

Current Tenure

5 years 3 months (Oct 2019 - Present)

Previous Experience

President and Chief Operating Officer of Old Republic General Insurance Group, Inc.